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Space Intel Report • Peter B. de Selding

Leonardo Q1 2026: adjusted net profit €184M (+60%), stronger revenue/EBITDA and orders; guidance confirmed

Leonardo reported first-quarter 2026 adjusted net profit of €184 million, up 60% versus the same period in 2025, while confirming its guidance for the year. The company also cited increased revenue, EBITDA and orders, with Telespazio’s service business supporting the profit picture.

2026-05-06T12:12:45.865899-07:00

Northrop Grumman

DARPA completes first flight test of XRQ-73 SHEPARD hybrid-electric, stealthy flying-wing drone at Edwards

2026-05-06T10:19:38.902409-07:00

Breaking Defense

Lockheed challenges Northrop bid to lift 2018 consent-order “firewall” affecting solid rocket motor scaling

2026-05-06T11:42:11.110301-07:00

SpaceNews.com

Overview Energy wins U.S. Air Force contract to study space-based solar power for military installations

2026-05-06T06:36:47.389482-07:00

News Timeline

AeroTime

Raytheon books largest SharpSight radar order via Blue Raven distribution deal (120 units) Raytheon’s SharpSight surveillance radar will see its biggest single-order total to date, after Blue Raven Solutions contracted for 120 radars for global resale and distribution. The deal is positioned as a scale-up of worldwide access to the system’s sensor capability as Raytheon/RTX faces market pressure.

2026-05-06T13:58:50.496928-07:00

Raytheon books largest SharpSight radar order via Blue Raven distribution deal (120 units)

Via Satellite

Telespazio France to distribute Greenerwave multi-orbit defense terminals in Europe Telespazio France has signed an agreement with Greenerwave to distribute Greenerwave’s multi-orbit terminals for the European defense market. The deal positions multi-orbit terminal supply as a deployable enabler for defense customers seeking resilient connectivity amid ongoing secure-satcom architecture planning.

2026-05-06T13:46:10.306243-07:00

Telespazio France to distribute Greenerwave multi-orbit defense terminals in Europe

Space Intel Report

Leonardo Q1 2026: adjusted net profit €184M (+60%), stronger revenue/EBITDA and orders; guidance confirmed Leonardo reported first-quarter 2026 adjusted net profit of €184 million, up 60% versus the same period in 2025, while confirming its guidance for the year. The company also cited increased revenue, EBITDA and orders, with Telespazio’s service business supporting the profit picture.

2026-05-06T12:12:45.865899-07:00

Leonardo Q1 2026: adjusted net profit €184M (+60%), stronger revenue/EBITDA and orders; guidance confirmed

Breaking Defense

Lockheed challenges Northrop bid to lift 2018 consent-order “firewall” affecting solid rocket motor scaling Lockheed Martin is opposing Northrop Grumman’s effort to remove a 2018 consent-order firewall that Northrop says is constraining its ability to ramp solid rocket motor production for critical munitions. The dispute highlights how legacy regulatory remedies can limit near-term industrial capacity expansion.

2026-05-06T11:42:11.110301-07:00

Lockheed challenges Northrop bid to lift 2018 consent-order “firewall” affecting solid rocket motor scaling

Northrop Grumman

DARPA completes first flight test of XRQ-73 SHEPARD hybrid-electric, stealthy flying-wing drone at Edwards Northrop Grumman’s XRQ-73 SHEPARD uncrewed aircraft has begun flight testing under DARPA, with AFRL participation, at Edwards Air Force Base, California, in April 2026. The series-hybrid-electric demonstrator is designed for very quiet, high-efficiency flight and is aimed at proving military utility for next-generation lightweight autonomous systems.

2026-05-06T10:19:38.902409-07:00

DARPA completes first flight test of XRQ-73 SHEPARD hybrid-electric, stealthy flying-wing drone at Edwards

AeroTime

MBDA and Indian Air Force sign deal to localize MICA missile MRO capability MBDA has signed an agreement with the Indian Air Force to develop an in-country maintenance, repair and mid-life overhaul (MRO) capability for MICA missiles used with the Rafale fleet. The IAF will operate the facility, while MBDA will supply machinery, tools, and training.

2026-05-06T08:27:35.377580-07:00

MBDA and Indian Air Force sign deal to localize MICA missile MRO capability

investors.lockheedmartin.com

Lockheed Martin names O.J. Sanchez to lead Aeronautics after Greg Ulmer’s retirement Lockheed Martin will replace Aeronautics division president Greg Ulmer with Skunk Works leader O.J. “OJ” Sanchez, the company said May 6. The transition places the F-35-centric combat aircraft manufacturing portfolio under the executive who currently heads the Skunk Works rapid prototyping and advanced production organization.

2026-05-06T07:18:23.643453-07:00

Lockheed Martin names O.J. Sanchez to lead Aeronautics after Greg Ulmer’s retirement

SpaceNews.com

Overview Energy wins U.S. Air Force contract to study space-based solar power for military installations Overview Energy has secured a U.S. Air Force contract to study how space-based solar power could be applied to power needs at military bases. The effort centers on assessing the feasibility of beaming solar energy from orbit to terrestrial installations, aligning orbital power concepts with defense energy requirements.

2026-05-06T06:36:47.389482-07:00

Overview Energy wins U.S. Air Force contract to study space-based solar power for military installations

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Defense Industry & Major Contractors News

Leonardo Q1 2026: adjusted net profit €184M (+60%), stronger revenue/EBITDA and orders; guidance confirmed

DARPA completes first flight test of XRQ-73 SHEPARD hybrid-electric, stealthy flying-wing drone at Edwards

Lockheed challenges Northrop bid to lift 2018 consent-order “firewall” affecting solid rocket motor scaling

Overview Energy wins U.S. Air Force contract to study space-based solar power for military installations

News Timeline